“Aetna has scrapped plans for rate hikes of nearly 20 percent, just two months after Anthem Blue Cross — a subsidiary of WellPoint, Inc. — was forced to cancel controversial plans for rate hikes of nearly 40 percent…

At a time of great hardship for many Americans, it is unconscionable that these mega-corporations can simply misplace a few decimal points and quickly rack up millions in unjust profits. Given the recent instances of corporate malfeasance that have shaken Wall Street to its core and created a disaster of historical proportions in the Gulf of Mexico, these actions beg for more scrutiny.

I believe it is time to shine a bright spotlight on how health insurance companies calculate the need for rate hikes.”